Saksoft Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 02:52 am EST
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Saksoft Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,928.42 million compared to INR 1,716.82 million a year ago. Revenue was INR 1,940.04 million compared to INR 1,741.37 million a year ago. Net income was INR 225.38 million compared to INR 198.63 million a year ago. Basic earnings per share from continuing operations was INR 2.24 compared to INR 1.98 a year ago. Diluted earnings per share from continuing operations was INR 2.3 compared to INR 1.82 a year ago.
For the nine months, sales was INR 5,667.25 million compared to INR 4,835.49 million a year ago. Revenue was INR 5,712.11 million compared to INR 4,923.05 million a year ago. Net income was INR 729.69 million compared to INR 569.89 million a year ago. Basic earnings per share from continuing operations was INR 7.26 compared to INR 5.69 a year ago. Diluted earnings per share from continuing operations was INR 6.89 compared to INR 5.24 a year ago.
Saksoft Limited is an India-based technology services provider. The Company is engaged in providing digital transformation solutions to help businesses. The Company provides a niche technology specialist that provides a comprehensive suite of business transformation, information management, application development and testing services. The Company also provides technology services to companies in the industry verticals of fintech, logistics and transportation, healthtech and utilities. Its services include application engineering, data analytics, testing and quality assurance (QA), and cloud, infra and security. It has also developed cutting-edge healthcare products and solutions for its clients worldwide. It leverages its technology services capabilities to help companies in the utilities industry vertical with mission-critical custom-developed solutions. Its subsidiaries include Saksoft Inc, Saksoft Pte Limited, Saksoft Solutions Limited and others.